Recently, Marks & Spencer (M&S), the prominent UK retailer, fell victim to a significant cyber assault that has left its operations severely compromised. The attack is believed to be orchestrated by the organized crime syndicate known as DragonForce, which utilized a highly advanced ransomware variant that severely disrupted M&S’s IT…
Cryptocurrency Fraud, Events, Fraud Management & Cybercrime Panel Discusses Insights on Cryptocurrency, OT Security, and Data Sovereignty Anna Delaney (annamadeline) • April 29, 2025 ISMG editors Mathew Schwartz, Anna Delaney, Rahul Neel Mani, and Michael Novinson During the second day of the RSAC Conference 2025 in San Francisco, a panel…
Blockchain & Cryptocurrency, Encryption & Key Management, Events Current Discussions Include Quantum Computing, Blockchains, and Artificial Intelligence Mathew J. Schwartz (euroinfosec) • April 29, 2025 Image: RSAC Conference An influential figure in the field of cryptography has recently criticized cryptocurrencies for failing to meet their initial promises. Adi Shamir, one…
On February 21, a significant and unprecedented cryptocurrency heist unfolded, marking one of the largest cyber thefts in history. Hackers managed to compromise a digital wallet associated with Bybit, the world’s second-largest cryptocurrency exchange, resulting in the theft of approximately $1.5 billion in digital tokens. The perpetrators quickly transferred the…
Blockchain & Cryptocurrency, Cryptocurrency Fraud, Fraud Management & Cybercrime Also: PoisonSeed Phishing Campaign, FTX Clients Face Reimbursement Hurdle Rashmi Ramesh (rashmiramesh_) • April 10, 2025 Image: Shutterstock In this week’s cybersecurity roundup, the Information Security Media Group highlights the dismantling of a Department of Justice unit focusing on cryptocurrency crimes,…
Cybersecurity Incident Roundup: $13M Abortive Abracadabra Hack and More In a significant breach impacting the decentralized finance (DeFi) landscape, a vulnerability in the smart contracts of the Abracadabra/Spell protocol allowed hackers to make off with approximately $13 million worth of Ethereum (ETH) tokens. This theft marks a sobering continuance of…
Cyberwarfare / Nation-State Attacks, Fraud Management & Cybercrime, Government Also covered: The Recent Ransomware Surge, Controversies Surrounding the Crypto Reserve Anna Delaney (annamadeline) • March 7, 2025 Clockwise from top left: Anna Delaney, Tony Morbin, Chris Riotta, and Mathew Schwartz This week, ISMG editors convened to address the escalating threat…
The Duplin County Sheriff’s Office has issued a warning regarding a sophisticated email scam targeting individuals within the community. This fraudulent campaign employs intimidation tactics, with scammers alleging they have gained unauthorized access to personal devices and sensitive information. Victims are coerced into paying the perpetrators through Bitcoin or other…
Blockchain & Cryptocurrency, Cryptocurrency Fraud, Fraud Management & Cybercrime Crypto Firm Offers Up to $140M Bounty for Recovery of Hacked Funds Rashmi Ramesh (rashmiramesh_) • February 24, 2025 Image: Shutterstock In a notable development in the cryptocurrency sector, Bybit, a compromised crypto exchange, has successfully replenished $1.4 billion in Ether…
